AOB Fraud and Abuse: Suspicious Activity is a Pocketbook Problem for Florida Families

The most recent edition of the Florida Chamber of Commerce’s exclusive member newsletter Chamber Insider highlights efforts to help consumers fight fraud and abuse associated with Assignment of Benefits (AOB). While AOB is a legal tool that can be used appropriately, it also provides an opportunity for shady repair companies to partner with trial attorneys…

Low Interest Rates, Diminishing Reserves Will Continue to Challenge Property/Casualty Insurers in 2016, Say CEOs at Joint Industry Forum

NEW YORK, January 19, 2016 — A panel of prominent property/casualty insurance executives forecast a challenging 2016, as the diminishing tailwinds of reserve releases struggle against headwinds of low interest rates. The five senior executives gave their forecast and other market insights at the 20th annual Property/Casualty Joint Industry Forum, held here on January 12,…

Scientists: El Niño May Boost Tornadoes

Scientists: El Niño may boost tornadoes By Kimberly Miller Palm Beach Post Staff Writer The lights flickered as skies spiked with thunder and lightning near Yvette Hicks’ Cape Coral home on Saturday.She went for a candle, but the kitchen window exploded before she could even strike a match. Everything went black.Outside, in the darkness that…

Rebates and benefits: Beware of fraud

Tell Mel: Rebates and benefits: Beware of fraud MELANIE PAYNE, TELLMEL@NEWS-PRESS.COM 7:02 a.m. EST January 13, 2016 Today’s column is an emergency read for anyone whose home was damaged by Saturday’s tornado and must-read for anyone who might ever have to file a claim on their homeowner’s insurance. The first warning is about contractors offering to rebate…

Insurance, Real Estate Coalition Seeks Homeowners Insurance Reform in 2016

More than a dozen Florida real estate, construction and insurance groups announced Tuesday that they are teaming up to push for homeowners’ insurance reform in the 2016 Legislative Session. The Consumer Protection Coalition seeks to curb a practice known as “assignment of benefits,” where owners sign away their insurance policy to a third party who…

Personal Insurance Federation of Florida Applauds Efforts of Consumer Protection Coalition to Fight AOB Abuse

Personal Insurance Federation of Florida Applauds Efforts of Consumer Protection Coalition to Fight AOB Abuse TALLAHASSEE, Fla. Jan. 12, 2016 – The Personal Insurance Federation of Florida (PIFF) today applauded the formation of the Consumer Protection Coalition to push for reforms to end rampant Assignment of Benefits abuse. The Consumer Protection Coalition is a broad-based…

5 Biggest Questions for the 2016 Session

After one of the most tumultuous years since Republicans assumed control of the Florida Legislature – the GOP-controlled House and Senate return this week for a 60-day jaunt that many legislative leaders hope/predict is relatively calm and uneventful heading into what could be a highly unpredictable election year. Most insiders of course can recount the…